What has happened to Majestic wines?
Majestic, the UK's largest wine retailer, said almost 45% of its business came from online and 20% is generated from international sales. The Majestic name will cease to exist on the high street as it is replaced by the Naked Wines brand. Where are the store closures?
Is Majestic Wine closing down?
The Majestic name will disappear, with the whole business being brought under the Naked brand. Its new “transformation plan” involves store closures at the 200-strong Majestic chain as well as asset sales.
Is Majestic Wine a British company?
Majestic Wine is the United Kingdom's largest specialist retailer of wine. The company employs over 1,000 staff nationwide, with two hundred stores in the United Kingdom, headquartered in Watford, it operates throughout England, Wales and Scotland.
Who took over Majestic?
Morrisons agrees £6.3bn sale to Majestic Wine owner. US investment giant Fortress is to acquire Morrisons in a deal said to recognise the grocer's unique characteristics, long-term strategy and responsibilities to stakeholders.